* KBES (RM0.45, SELL) ? Bearish engulfing pattern.
* Kencana Petroleum (RM1.39, SELL) ? Fallen below its 100-day SMA.
* Malayan Banking (RM6.72, SELL) ? Violated the wedge support.
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KBES (RM0.45) ? SELL
FY10P/E: N/A, P/BV: 0.8x

? The Evening Star formed last Friday was confirmed by a bearish engulfing pattern yesterday. This is a typical reversal sign and the RM0.525 high formed on 5th February would likely be its medium term peak. Further correction should drag KBES lower towards RM0.43 next.
? MACD histogram bars are losing momentum fast while its RSI is about to fall below the overbought territory. If the RM0.43 level fails to hold, next downside targets are RM0.395 and RM0.365.
? Traders may want to take some profits now and sell more during a technical rebound. The weakening technical landscape does not bode well for the uptrend.

KBES is an investment holding company. The company, through its subsidiaries, provides express bus services, manufactures and assembles airconditioners parts for buses.
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Kencana Petroleum (RM1.39) ? SELL
FY10P/E: 12.9x, P/BV: 4.6x

? Kencana has fallen sharply over the past few weeks. However, broker think traders should continue to stay on the sidelines as technically, broker think downside risk still prevails. Yesterday?s correction also violated its 100-day SMA, a level not seen since early April 2009.
? Indicators are showing bearish patterns. MACD is about to fall into the negative zone, while RSI is dropping towards the oversold territory.
? If prices fail to move back above the RM1.42 trend line resistance soon, the correction could drag its candles closer towards RM1.30, and possibly even RM1.19 next. On the upside, there is a cluster of resistances at RM1.45- RM1.48 (also its 50-day SMA).

Kencana Petroleum provides integrated engineering and fabrication of production facilities for the oil and gas industry. The company provides engineering and fabrication of modules, process skid systems, EPCC Services, supporting services, and specialized fabrication.
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Malayan Banking (RM6.72) ? SELL
FY10P/E: 15.4x, P/BV: 1.8x

? Maybank has violated the wedge support and is now heading lower towards RM6.60, its November?s low. The break down also indicates that the bears are slowly creeping in. If this level fails to hold, next downside targets are RM6.31 and RM6.10.
? Selling would accelerate if the 30-day SMA cut below its 50-day SMA. The negative technical outlook also cautioned traders to be more alert. MACD has turned negative while its RSI is still falling.
? Prices are now gyrating underneath its support-turned-resistance trend line. Near term gains would likely be capped at RM6.84-RM6.89. Unless it can inch past the recent high of RM7.08, our ?toppish? view remains intact.

Malayan Banking provides commercial and Islamic banking services in Malaysia, Singapore, and other locations. Through its subsidiaries, the company provides services such as general and life insurance, stock and futures broking, and leasing and factoring.